PESTLE analysis tool allows us to investigate the impact of the above factors on companies’ strategic decisions as follows: Political. The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. Consumer Electronics Industry in the US ' PEST Framework Analysis 1. PESTLE Analysis vs SWOT Analysis. A PEST analysis is concerned with the environmental influences on a business. A PEST analysis is concerned with the environmental influences on a business. It is the world's sixth-largest country by total area. It identifies all the key strengths, weaknesses, opportunities and threats that affect the company the most. The Global Entertainment Consumer Electronics Market report covers all the important aspects related to the market and allows the readers to study the industry properly. This suggests that consumer preferences are moving towards high quality video streaming and audio features. More than 75000 people work for LG in 118 locations. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report “Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, … The rural and urban market of consumer durables has been growing at a rate of around 15 % on an average. This PESTEL analysis of Japan aims to address some of the political, economic, social, technological, environmental, and legal factors that affect Japan today. This in turn is leading to a strong competition among the different consumer durable brands available in the nation. Globally, the market for consumer electronic products is expected to proliferate over the coming years. Get up to speed on any industry with comprehensive intelligence that is easy to read. LG Electronics is a South Korean Multinational company with its headquarters in Seoul and a part of the LG group. The MarketWatch News Department was not involved in the creation of this content. A PESTEL/PESTLE analysis of Apple Inc. indicates that most of the external factors in the company’s remote or macro-environment present opportunities for the consumer electronics and information technology services business. Explore business opportunities with the analysis of leading industry, potential sector analysis and by understanding strength, weakness, opportunity, and threat of the country Know the business environment of the country using report’s PESTLE analysis and their impact on industry. Samsung usually send more than $6bn in the research annually, as it manufactures and designs products according to the changing trend of the industry, and the consumer needs (Arsip, 2012). For example an Industry may be highly profitable with a strong growth trajectory but it won't be any good for Electronic Arts Inc. if it is situated in unstable political environment. The political stability for a country is crucial to decide if the company can establish a business in a specific country. Consumer products manufacturers include all the companies that design, manufacture, and/or market apparel, cleaning products, hand and power tools, home furniture, housewares, linens, and consumer electronics and appliances. Aruvian's R'search analyzes Consumer Electronics Industry in the US in a PEST Framework Analysis. Bahrain is the smallest country on the Persian Gulf with just over 1 million inhabitants, half of which being expatriates. PEST analysis is a powerful and widely used tool for understanding strategic risk. It allows a company to form an impression of the factors that might impact a new business or industry. The industry has slowed down, particularly in mature product categories such as laptops and TVs and as such, the consumer electronics market is facing turbulent times. Aruvian's R'search analyzes the Consumer Goods Industry in the United States in a PEST Framework Analysis. The Fair Work Act 2009 is the primary piece of legislation that governs employment in the country. Consumer electronics have witnessed increased adoption in the past decade. Case Study Apple SWOT & PESTLE/PESTEL Analysis A Brief Profile of Apple Inc. Owing to its uniqueness and innovation in its wide range of products, Apple is regarded as the world’s most notable and recognizable brand for electronic devices that designs, develops, and sells consumer electronics, computer software, and online services. the need for the varied consumer durable goods are increasing. As a matter of fact, there is a trend on part of the governments to make consumption of tobacco products harder for consumers which is a major political factor which is affecting the industry. It is a leading global brand in consumer electronics, home appliances and mobile communications. In Pestle Analysis of the Tobacco Industry, we will analyze the political, economic, social, technological, environmental and legal factors . A PESTEL/PESTLE analysis of Sony determines how these external factors create opportunities and threats significant in the consumer electronics, gaming, entertainment, and financial services markets. It is necessary for the company to be competitive in the industry, because of the numerous giants like LG, Panasonic, Dawlance, etc who works hard to take the lead. Samsung is a global conglomerate that operates in the “White Goods” market or the market for consumer appliances and gadgets. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. PEST is an acronym for four sources of change: political, economic, social, and technological. Find industry analysis, statistics, trends, data and forecasts on Electronic & Computer Repair Services in the US from IBISWorld. It is a powerful country in the world. Introduction The company originated from Korea, Seoul; today it is part of household of millions of customers across the globe, generating 50 billion U.S dollars in yearly revenues each year. As of 2020, Voltas is one of the leading brands in the consumer electronics sector. In order to ensure fair trading for both businesses and consumers, Australia has fair trading laws, competition laws, and consumer laws. People want more entertainment from their phone. The discovery of oil in 1932 brought rapid modernization to Bahrain. ... PESTLE Analysis Of Marks And Spencer. LG PESTEL ANALYSIS. This is the detailed PESTLE/PESTLE Analysis of LG which discuss the external factors impacting the company; Political, Economical, Social, Technological, Environmental and Legal. Introduction. PESTEL analysis provides great detail about operating challenges Electronics for Imaging, Inc. will face in prevalent macro environment other than competitive forces. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Apple (AAPL) is a multinational world’s leading consumer electronics brand. This tool is especially useful when … Nov 30, 2020 (AmericaNewsHour) -- The total information and … This research analyzes Consumer Electronics Industry in the US in a PEST Framework Analysis. SWOT Analysis is a proven management framework which enables a brand like Voltas to benchmark its business & performance as compared to the competitors and industry. There is an opportunity the industry to notice this and focus resources on achieving these demands. Japan is often called the ‘land of the rising sun’. Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. The general findings of the study, while focusing on the overall industry-category’s present […] On global level Entertainment Consumer Electronics Market industry is segmented on the basis of product type, applications, and regions. It is now more important than ever for consumer electronics companies to seek new ways to innovate, in order to reach consumers. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. 'Industry exports performed strongly at the beginning of the five-year period through 2019-20. For example an Industry may be highly profitable with a strong growth trajectory but it won't be any good for Electronics for Imaging, Inc. if it is situated in unstable political environment. An iPhone, one of Apple’s bestselling products. The consumer electronic market is comprised of the profit generated through the sales of these products. An industry’s exposure to international trade can have a significant impact when assessing Economic factors in a Pestle Analysis. PESTLE analysis comprises of political, economical, social, technological, ... Airbnb has a made a dent to the hoteling industry. The last element to address in the PESTEL analysis of Australia is the legal landscape of the country. This Samsung SWOT analysis reveals how the second largest technology company used its competitive advantages to become a leader in consumer electronics, home appliances and semiconductors industries. 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